Fifth Third Business Capital provided an $8.5 million senior credit facility for Columbus, OH-based BlastOne International, a privately held company specializing in the provision of products and services to the corrosion control industry throughout the North American and Asia Pacific regions.
In October, the PayNet Small Business Lending Index increased 2.5 points to 147.3, although that was 0.9% below last year’s October level. While the SBLI rose moderately again in October, preliminary November data suggests challenges ahead as COVID-19 cases rise once again.
Arrowroot Capital and Runway Growth Capital provided $160 million in growth capital and debt financing to FiscalNote, a global technology company providing software and political intelligence around legislative and regulatory risk.
Financing for restaurant franchise operators in the large and middle-tier segments has mostly bounced back to what it had been before the onset of the COVID-19 pandemic, according to Brian Geraghty, head of restaurant finance at Mitsubishi UFJ Financial Group.
Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Bank of America is leading debt financing in support of the transaction.
Gibraltar Business Capital provided a $7.5 million asset-based loan to Willamette Falls Paper Company, an Oregon-based independent manufacturer that utilizes sustainable and recycled fiber sources to produce coated freesheet, offset, envelope, packaging and specialty papers.
Alvarez & Marsal served as restructuring advisor to Superior Energy Services in the company’s financial restructuring and commencement of its Chapter 11 case. Superior serves drilling, completion and production-related needs of oil and gas companies.
eCapital Commercial Finance, a division of eCapital, provided a $2 million factoring facility to a hard seltzer provider to support its increasing production demands.
AlixPartners served as restructuring advisor to UTEX Industries in its emergence from Chapter 11. The financial restructuring reduced UTEX’s funded debt by approximately $700 million and provided $42.5 million in new financing.
Rosenthal & Rosenthal completed a $1 million purchase order finance facility to support the production financing requirements of a Tennessee-based uniform importer.